AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Up 700.0% in January

AlphaTime Acquisition Corp (NASDAQ:ATMC) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 800 shares, a growth of 700.0% from the January 15th total of 100 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On AlphaTime Acquisition

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC raised its holdings in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,896 shares of the company’s stock after purchasing an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 82.24% of the company’s stock.

AlphaTime Acquisition Price Performance

Shares of NASDAQ:ATMC traded down $0.04 during trading on Wednesday, reaching $11.51. 3,307 shares of the stock were exchanged, compared to its average volume of 3,526. The stock has a fifty day moving average of $11.38 and a two-hundred day moving average of $11.28. AlphaTime Acquisition has a 1-year low of $10.81 and a 1-year high of $11.86.

AlphaTime Acquisition Company Profile

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.